756 Boston Post RdWestbrook, CT 06498

Property Details for 756 Boston Post Rd

Year built

1933

Construction

FRAME

Lot size

1.03 AC

Property size (Sq ft)

3,344 SF

Zone code

NCD

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WBRO M:184 L:090

APU

WBROM184L090

Description

This exceptional commercial property, located at 756 Boston Post Rd in Westbrook, Connecticut (zip code 06498), offers 3,344 square feet of retail space situated on a 1.03-acre lot. Zoned NCD, this versatile building presents numerous possibilities for a variety of businesses. The asking price is $749,000, translating to $223.98 per square foot. The property features both an enclosed and an open porch, adding to its appeal and functionality. A basement provides additional storage or expansion potential. Potential uses include, but are not limited to, retail stores, mixed-use developments, sit-down restaurants, business/professional offices, boarding/lodging/rooming houses, vehicle renting/leasing operations, or even conversion into a three-family dwelling. Its prominent location on Route 1 ensures high visibility and accessibility, making it an ideal investment opportunity for entrepreneurs and investors alike. The property's size and zoning flexibility offer significant upside potential for future development and growth. This is a rare opportunity to acquire a substantial commercial property in a desirable Connecticut location.

• CAP approach

  CAP return

  Valuation

  6%

  $812,709

  6.5%

  $750,193

  7%

  $696,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,101,056

  Geo Method

  $1,101,056

• Alternative Use

  Use

  Valuation

  Residential

  $632,816

  Hospitality

  $579,656

  Educational

  $482,267

  Medical

  $498,853

  Retail

  $750,193

Location Insight

City

Westbrook

County

Middlesex

State

Connecticut

Latitude

41.2796

Longitude

-72.4616

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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